VFMV vs. LSAF ETF Comparison

Comparison of Vanguard U.S. Minimum Volatility ETF (VFMV) to LeaderShares AlphaFactor US Core Equity ETF (LSAF)

VFMV

Vanguard U.S. Minimum Volatility ETF

VFMV Description

The investment seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. The fund invests primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$114.88

Average Daily Volume

3,067

Number of Holdings ^*

157

* may have additional holdings in another (foreign) market

LSAF

LeaderShares AlphaFactor US Core Equity ETF

LSAF Description

The investment seeks to provide investment results that correspond generally, before fees and expenses, to the performance of the AlphaFactor® US Core Equity Index. Under normal circumstances, at least 80% of the fund's net assets, including any borrowings for investment purposes, will be invested in a diversified portfolio of equity securities of U.S. common stocks included in the index. The index utilizes a quantitative rules-based investment methodology that applies a multi-factor ranking process and is focused on the largest 1,000 U.S. common stocks based on market capitalization.

Grade (RS Rating)

Last Trade

$38.37

Average Daily Volume

8,975

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VFMV	LSAF
30 Days	2.31%	2.48%
60 Days	3.12%	0.32%
90 Days	7.01%	2.61%
12 Months	17.22%	19.67%

13 Overlapping Holdings

Symbol	Grade	Weight in VFMV	Weight in LSAF	Overlap
AAPL	B	1.06%	1.07%	1.06%
AZO	C	0.44%	0.94%	0.44%
CRUS	B	0.66%	1.05%	0.66%
DECK	D	0.18%	0.95%	0.18%
GOOGL	C	0.72%	1.03%	0.72%
KEX	B	1.64%	0.98%	0.98%
LDOS	B	0.32%	0.99%	0.32%
LRCX	C	0.08%	1.04%	0.08%
MCK	C	1.55%	0.99%	0.99%
META	C	0.32%	1.03%	0.32%
MUSA	B	1.25%	0.95%	0.95%
PSX	D	0.16%	0.93%	0.16%
V	F	0.08%	1.0%	0.08%

VFMV Overweight 144 Positions Relative to LSAF

Symbol	Grade	Weight
CVLT	B	1.61%
ABBV	B	1.61%
TXN	B	1.59%
FCN	C	1.59%
RSG	A	1.57%
ORLY	C	1.55%
NTAP	B	1.54%
IBM	C	1.54%
LLY	B	1.52%
TJX	A	1.51%
IDT	D	1.51%
ROP	C	1.5%
CME	D	1.45%
MRK	C	1.45%
TMUS	B	1.45%
JNJ	D	1.44%
LRN	D	1.41%
MCS	D	1.38%
EA	B	1.37%
CBOE	F	1.36%
NOC	F	1.36%
CHD	D	1.35%
MCD	D	1.33%
VZ	B	1.32%
PG	D	1.31%
LMT	D	1.31%
WM	B	1.28%
WMT	B	1.27%
CSCO	D	1.18%
DOX	D	1.16%
IDCC	B	1.12%
AVGO	B	1.1%
SAFT	C	1.09%
VECO	C	1.09%
GIS	D	1.06%
XOM	D	1.04%
WTM	D	1.04%
UNH	D	1.02%
OSIS	B	0.99%
DLB	D	0.99%
EQC	D	0.98%
MGEE	C	0.98%
CHE	F	0.96%
CL	B	0.95%
GILD	C	0.93%
HSTM	B	0.91%
BMY	F	0.89%
ADI	B	0.89%
GPOR	D	0.88%
BLKB	D	0.84%
LAUR	D	0.84%
CAH	F	0.83%
CVX	D	0.76%
NSIT	C	0.76%
INST	C	0.74%
MSFT	C	0.71%
GOOG	C	0.7%
NABL	B	0.65%
THFF	C	0.65%
YELP	F	0.65%
PGR	B	0.64%
REGN	B	0.62%
AMGN	B	0.61%
WMB	B	0.59%
NEU	D	0.59%
CASS	D	0.58%
AMSF	D	0.58%
DUK	B	0.55%
PBH	B	0.54%
ED	D	0.5%
FLO	F	0.49%
PSN	C	0.47%
HSY	D	0.47%
TRV	D	0.47%
MATX	C	0.45%
LOPE	C	0.41%
MO	A	0.4%
AJG	A	0.4%
MDLZ	F	0.4%
WEC	D	0.39%
K	D	0.38%
RLI	D	0.37%
JBSS	D	0.37%
NVEC	C	0.37%
OLLI	A	0.34%
WSBF	B	0.31%
OSG	A	0.3%
BRK.A	C	0.29%
CLBK	D	0.28%
HRL	F	0.28%
SPOK	C	0.27%
ROL	C	0.26%
ACN	D	0.25%
KMB	A	0.24%
EXEL	B	0.24%
NWE	C	0.22%
EBF	A	0.22%
MLR	D	0.21%
KMI	A	0.21%
IMMR	B	0.21%
JJSF	C	0.2%
UVV	D	0.19%
ESGR	B	0.18%
SHEN	D	0.17%
DGICA	D	0.17%
ODC	F	0.16%
SPNS	A	0.16%
HMN	D	0.12%
SR	B	0.11%
HURN	C	0.11%
AMAT	C	0.11%
GHC	C	0.1%
KO	B	0.1%
QNST	D	0.09%
DJCO	A	0.09%
INCY	B	0.08%
CNXN	D	0.08%
LANC	D	0.07%
GSBC	B	0.07%
GD	D	0.06%
CPK	C	0.06%
REYN	F	0.06%
PEP	D	0.06%
NWN	C	0.06%
NHC	B	0.06%
MSGS	C	0.05%
AKAM	D	0.05%
ATR	D	0.05%
GLRE	C	0.05%
MU	C	0.04%
VRTX	A	0.04%
DTE	C	0.04%
EIG	B	0.04%
NTCT	F	0.04%
BLFY	C	0.04%
TRUE	C	0.04%
NBIX	B	0.04%
AGYS	B	0.03%
MSI	B	0.03%
CARS	C	0.03%
CMS	D	0.03%
ATGE	A	0.03%
CHCO	B	0.02%
TBPH	D	0.02%

VFMV Underweight 84 Positions Relative to LSAF

Symbol	Grade	Weight
VRT	D	-1.08%
VST	C	-1.07%
SYF	A	-1.04%
RL	C	-1.03%
AXP	B	-1.03%
SPGI	A	-1.03%
VVV	B	-1.02%
VRSK	B	-1.02%
APP	C	-1.02%
PFG	C	-1.02%
ADBE	C	-1.02%
AIG	C	-1.02%
WSO	B	-1.02%
JBL	F	-1.01%
GWW	D	-1.01%
OMC	C	-1.01%
NFLX	C	-1.01%
UTHR	B	-1.01%
NRG	D	-1.01%
EQH	A	-1.0%
LAMR	C	-1.0%
HOOD	C	-1.0%
GM	B	-1.0%
CNM	D	-1.0%
OTIS	B	-1.0%
RTX	D	-1.0%
CPAY	C	-1.0%
LNG	B	-1.0%
PVH	D	-1.0%
ABNB	D	-1.0%
AMP	B	-1.0%
MAS	C	-0.99%
CI	D	-0.99%
THC	B	-0.99%
AFL	A	-0.99%
MKL	D	-0.99%
WAB	D	-0.99%
MET	C	-0.99%
HIG	C	-0.99%
AMG	C	-0.99%
CSL	B	-0.99%
FFIV	C	-0.99%
AWI	C	-0.99%
MTG	A	-0.99%
BKNG	C	-0.99%
UNM	D	-0.99%
SLM	C	-0.99%
COTY	F	-0.99%
EBAY	B	-0.98%
AN	C	-0.98%
OVV	D	-0.98%
URI	C	-0.98%
H	B	-0.98%
TXT	C	-0.98%
PRI	B	-0.98%
CAT	D	-0.98%
AOS	C	-0.98%
DVA	C	-0.98%
ALSN	B	-0.98%
HLT	B	-0.98%
COP	D	-0.97%
DOV	C	-0.97%
HCA	D	-0.97%
EXP	D	-0.97%
ORI	C	-0.97%
NVR	B	-0.97%
UHS	B	-0.97%
DD	B	-0.97%
FDX	B	-0.97%
TOL	C	-0.96%
SPB	D	-0.96%
SNX	D	-0.96%
SAIC	D	-0.96%
MAR	C	-0.96%
BBWI	F	-0.95%
LEN	C	-0.95%
OC	C	-0.95%
PHM	C	-0.95%
STLD	C	-0.95%
USFD	D	-0.94%
NUE	D	-0.94%
VLO	D	-0.93%
MPC	F	-0.93%
DE	F	-0.92%